Is Medon, TN 38356 a buyer’s or seller’s market?
Medon is a seller’s market. With about 0.5 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Medon housing market right now
In the three months ending August 31, 2026, 0% of homes in Medon, TN 38356 sold above their list price, the typical home went under contract in 42 days and there were 0.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold more slowly (17 days then) and the median sale price rose 69% to $274,881. Overall, Medon is less competitive than a year ago, which gives buyers more room.
Within Madison County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Beech Bluff 38313 (33% sold over asking) and Oakfield 38362 (20% sold over asking) are even more competitive.
Run the numbers for 38356
Nearby markets
Beech Bluff 38313Seller’s market $158 /sq ftDenmark 38391Buyer’s market $164 /sq ftJackson 38301Seller’s market $128 /sq ftJackson 38305Seller’s market $157 /sq ft Browse all markets →Towns like Medon nearby
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Questions about Medon real estate
Is Medon a buyer’s or seller’s market?
A seller’s market: there were 0.5 months of supply in Medon, TN 38356 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Medon?
The typical home went under contract in 42 days in the latest three months.
Do homes in Medon sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.
What are property taxes in Medon?
About 0.56% of a home’s value a year in Madison County, or roughly $2,240 on a $400,000 home.
What is the median home price in Medon?
The median sale price was $274,881 in the three months ending August 31, 2026, about $169 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology